The Collectiv Academy maintained its tuition rates for the 2022-23 school year, as revealed in the most recent financial report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $15,900 for tuition during both the 2021-22 and 2022-23 academic years.
Every undergraduate student at the school is a resident of Utah.
Data indicates that 84% of full-time undergraduates who began studies at Collectiv Academy in 2022-23 received some form of student financial aid. Specifically, 22 students were awarded grants or scholarships totaling $135,540, while 36 students secured student loans amounting to over $330,647.
Across the entire undergraduate body, 71 students benefited from grants or scholarships totaling $358,250. Additionally, 83 students borrowed a combined total of $757,952 in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the Collectiv Academy in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 22 | 51% | $135,540 | $6,161 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 22 | 51% | $135,540 | $6,161 |
| Federal student loans | 36 | 84% | $330,647 | $9,185 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 36 | 84% | $330,647 | $9,185 |
| Total student aid | 36 | 84% | $466,187 | $12,949 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
